EXECUTORS AUCTION - DIVE INTO THIS FREEHOLD INVESTMENT WITH UPSIDE!

Fitzroys and Sweeney Real Estate are delighted to present this rare opportunity to secure a strategic freehold investment situated in the heart of Altona’s retail and lifestyle centre only metres from Altona Beach, Altona Station and surrounded by a plethora of major retailers, restaurants and cafes.

116 Pier Street Altona is offered for sale by Public Auction on Wednesday 9th July at 12PM on-site.

Key attributes include:

•  Leased to highly regarded and long-standing Sweeney Swim School
•  Strong return of $170,018* per annum plus GST with fixed 4.5% annual increases
•  Substantial 938sqm* land allotment with over 20.1 metre* frontage to Pier Street
•  Well-presented single storey building of 615sqm* encompassing swimming pool, squash court, change rooms and reception with the convenience of on-site parking
•  Direct proximity to Altona Beach and Altona Train Station
•  Strategic location benefiting from Altona’s population boom, surrounded by multi storey apartment buildings and an established neighbourhood precinct
•  Attractive mixed-use zone flanking a range of alternative future uses and development outcomes currently supporting 5 levels (STPA)
•  Ideal opportunity for land bank investors and developers
•  First time offered in 37 years!

For further details or an inspection, please contact Fitzroys or Sweeney Estate Agents.

*Approx.

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